CBRE sign on as Commercial Brokers for TBC

The Life Science & Technology Group of CB Richard Ellis has been retained by Wexford Science & Technology as the exclusive leasing agent for the Technology Business Center (TBC).

For information about leasing space in the TBC, please contact:
Chad Freese
First Vice President
CB Richard Ellis
312.935.1451
chad.freese@cbre.com

For information about leasing space in the adjacent UTP Incubator, please contact: Daniel F. Marselle
Associate Director for Technology & Business Services
University Technology Park at IIT
10 West 35th Street, Suite 10F3 -1
Chicago , IL 60616
312-567-3900
marselle@utp.iit.edu

TBC’s First Tenant – MIRC

IIT’s Medical Imaging Research Center (MIRC) is focused on technological imaging. MIRC faculty are developing new imaging modalities and processing, and analysis of medical images. MIRC is relocating to the first level of TBC in Fall of 2006. More information about MIRC can be found at www.mirc.iit.edu/

UTP Tenants on the Move – All Cell

All Cell Technologies, LLC recently received $1.25 million in financing from Heartland Angels to commercialize its novel technology. Now ComEd is joining IIT's Plug-In Hybrid Electric Vehicle (PHEV) Project in collaboration with IIT-based All Cell, the City of Chicago, and other industrial and government partners in an effort to double the fuel efficiency and reduce emissions from the city's fleet of hybrid Ford Escape SUVs. The PHEV Project will use Lithium-ion batteries developed by All Cell Technologies, LLC.

ComEd will provide expertise by sharing its best practices from operating its hybrid vehicles. The utility owns 64 hybrid Ford Escapes and its SUV fleet will expand to 114 hybrid vehicles by the end of 2007. ComEd also will provide expertise in technical and regulatory matters related to charging the plug-in hybrid vehicles’ electric drive systems from the utility’s electrical power distribution system. All Cell, which is sponsoring the IIT PHEV Project, was formed in 2001 by Professors Said Al-Hallaj and J. Robert Selman to commercialize Lithium-ion batteries in military, medical, portable, and transportation applications. The project will use IIT's patented thermal management technology with phase change material (PCM).

UTP Tenants on the Move – Cleversafe

Cleversafe hopes to change the way that businesses and individuals store information through a revolutionary breakthrough in secure and reliable data storage on a distributed grid. Today, most distributed storage systems work by making multiple copies of data at multiple locations and then using various mechanisms to keep the copies synchronized. Cleversafe uses a different approach based on dispersing data in encrypted slices rather than copying it. Cleversafe President & CEO Chris Gladwin feels that IIT has been an ideal technology incubator because of the availability of student technical talent. Cleversafe was recently profiled in the New York Times (August 21, 2006) and is expanding its offices with 25 employees to 2,800 square feet within the University Technology Park at IIT.

UTP Website Updated

The UTP website has been updated. Please visit the site at www.universitytechnologypark.com for additional information regarding the benefits of locating your company within the University Technology Park at IIT.